Crown Crafts, Inc. announced that E. Randall Chestnut agreed that he shall retire from the Company effective May 1, 2022 and, in connection therewith, he has resigned his position as a director of the Company, and all other positions he holds with the Company, effective as of such date. Also on April 14, 2022, the Company's Board of Directors appointed Olivia W. Elliott, the Company's President and Chief Executive Officer, as a director of the Company, effective May 1, 2022, to fill the vacancy created by Mr. Chestnut's resignation; and Zenon S. Nie, currently the Lead Director of the Board, to serve as Chairman of the Board, effective May 1, 2022, replacing Mr. Chestnut in such role.
Crown Crafts, Inc. designs, markets, and distributes infant, toddler and juvenile consumer products. It operates through its four subsidiaries, NoJo Baby & Kids, Inc., Sassy Baby, Inc., Manhattan Group, LLC, and Manhattan Toy Europe Limited in the infant, toddler and juvenile products segment. Its infant, toddler and juvenile products segment consists of infant and toddler bedding and blankets, bibs, soft bath products, disposable products, developmental toys and accessories. Its primary focus is on infant, toddler, and juvenile products, including infant and toddler bedding, blankets and swaddle blankets, nursery and toddler accessories, room decor, reusable and disposable bibs, burp cloths, hooded bath towels and washcloths, reusable and disposable placemats and floor mats, disposable toilet seat covers and changing mats, developmental toys, feeding and care goods and other infant, toddler and juvenile soft goods. It serves mass merchants, restaurants, and chain stores, among others.